Odisha records 64% growth rate in GST Collection during November-21

Odisha

Bhubaneswar, December 2: The GST collection of Odisha has touched new heights with a collection of Rs 4,136 crore during November-21 as against Rs 2,528 crore collected during November-20 registering a growth of 64 per cent, said an official release.

The growth of collection during November ‘21 is also the highest amongst major States for the 3rd consecutive month as well as the highest ever gross collection of GST by the state since launch of GST, said a communique issued by the Commissionerate of CT & GST, Cuttack.

The progressive GST collection till November ‘21 is Rs. 28032.98 Cr. against Rs 17,229.26 crore till November ‘20 with growth of 62.71 per cent. The corresponding collection till November ‘19 was Rs 19,366.95 crore, it stated.

The collection of OGST during the month of November ’21 is Rs 1,157.69 crore against a collection of Rs 681.96 crore during November ‘20 recording a robust growth of 69.76%. The collection of Rs 1,157.69 Cr during November ’21 is also the highest ever gross collection of OGST by the state since the inception of GST.

The progressive collection of OGST upto November ’21 is Rs 7,977.60 crore against a collection of Rs 5,013.50 crore upto November ’20 recording a progressive growth of 59.12 per cent. The corresponding figure till November ’19 was Rs 5,661.18 crore.

There is also collection of Rs 1,001.08 crore in CGST, Rs 1223.24 in IGST and 753.77 crore in Cess during November ’21 recording a growth of 87.62 per cent, 55.31 per cent & 43.62 per cent over November ’20 respectively.

The total collection of VAT (Petrol & Liquor) is Rs 844.45 crore during November ‘21 as against Rs.601.65 Cr during November ’20 with growth rate of 40.36 per cent.

Out of the above, collection from Petroleum Products is Rs 675.93 crore during November ‘21 as against Rs 520.56 crore during November 20 with growth rate of 29.85 per cent. Similarly, collection from Liquor is Rs 168.52 crore during November ‘21 as against Rs 81.09 crore during November 20 with growth rate of 107.82 per cent.

“This growth during November’21 is a result of an increase in collection from the automobile, mining and manufacturing sector. Further, non-filer management and regular return scrutiny by Circles combined with enforcement activities has resulted in better compliance by taxpayers. In this regard, during the current FY, 8512 nos. of assessment have been initiated against defaulters for non-filing of returns,” the statement added.

The total e-waybill generated during November ’21 was 14.65 lakh against 13.40 lakh during November ’20 witnessing a growth of 9.38 per cent.

Leave a Reply

Your email address will not be published. Required fields are marked *